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LCX partners with Pliance to automate anti-money laundering practices in its offerings
September 21, 2020

LCX Partners With Pliance to automate Anti-Money laundering practices in its offerings

VADUZ, Liechtenstein, STOCKHOLM, Sweden, 21th September 2020 – Liechtenstein based LCX, today announced a partnership with Pliance. LCX will further automate its AML processes such as PEP and sanctions screening by integrating the Pliance API in its customer onboarding system. Each customer is screened for PEP and Sanctions while onboarding and regularly to make sure that all the cryptocurrency transactions happening on the platform are safe, compliant and secure.

“We are delighted to partner with LCX, the fact that we will play a role in providing a secure environment for customers with our scalable automation of compliant AML processes makes me feel proud,” said Siam Choudhury, Pliance CEO. “By automating its AML processes with Pliance, LCX shows the benefits of working with modern tools when building modern products.”

“PEP and Sanctions are extremely important in blocking Anti Money Laundering activities for any entity that is an AML obliged party. At LCX, we want to make cryptocurrency transactions safe, compliant and secure, and this purpose is fully aligned with the vision of Pliance”, said Monty Metzger, Founder, and CEO of LCX. “Another great thing about Pliance team has been the ease with which we were able to integrate it into our system”

LCX has been bolstering its KYC and AML processes before the launch of its much-awaited STO projects.

About Pliance:

Pliance is a RegTech company focusing on helping financial companies automate their AML (anti-money laundering) processes with the help of modern technologies. Creating compliant, scalable, and modern financial products are easy and fast with Pliance's API solutions. Pliance is based in Stockholm, Sweden, and has customers across Europe. For more information, visit https://pliance.io or email CEO Siam Choudhury directly at siam@pliance.io.

About LCX: 

LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that aims to provide a range of products and services for the token economy in a regulated and compliant manner. LCX launched STO Launchpad as a one-stop tokenization platform for issuers and investors in security tokens and other crypto assets. The LCX Terminal brings together real-time and full historical data on all cryptocurrency markets, news, social analytics, and trading signals, powerful analytics, smart order routing, and trading execution capabilities — all on one solution. LCX is headquartered in Vaduz with offices in Zug and New Delhi. To learn more, visit www.LCX.com and follow us on twitter at @LCX

About the author

Siam is the CEO and co-founder of Pliance.